tl;dr
Billionaire investor Philippe Laffont's Coatue Management made significant changes to its investment portfolio in Q3 2023, paring down positions in "Magnificent 7" club members while taking new stakes in Palantir Technologies and Shopify. According to the latest 13F filing, Coatue almost entirely so...
Billionaire investor Philippe Laffont's Coatue Management made significant changes to its investment portfolio in Q3 2023, paring down positions in "Magnificent 7" club members while taking new stakes in Palantir Technologies and Shopify. According to the latest 13F filing, Coatue almost entirely sold off its stakes in prominent tech giants such as Microsoft, Amazon, Tesla, Netflix, and Alphabet's class A shares. The fund also trimmed positions in other major players but substantially raised its stakes in several companies, including Novo Nordisk, Eli Lilly, Alibaba, and Facebook-parent Meta Platforms.
Coatue Management demonstrated a major shift in investment strategy in Q3 of 2023, involving significant reductions in the positions held with leading tech companies and a notable uptick in stakes with various other prominent industry players. This tactical shift underscores the fund's flexibility and adaptability in navigating market dynamics and seeking out promising new investment opportunities. The changes made in the portfolio reflect a strategy aimed at optimizing returns and capitalizing on emerging market trends. The substantial changes are indicative of Coatue's agility and focus on maximizing its investment value in a rapidly evolving market landscape. The deployment of over $25B in private investments further solidifies the fund's strategic positioning and underscores its substantial presence in the investment ecosystem.
More about Palantir Technologies Inc
Palantir Technologies Inc. operates in the technology and services-prepackaged software sector, with a market cap of $42.89 billion and a stock price of $281.57. The company reported a minimal EPS of 0.07 and a current ratio of 1.001. Palantir has a strong market sentiment with a beta of 0.0693 and a trading volume of 2,125,286,000 shares. Despite its high stock price, the company's P/E ratio of 16.23 suggests good value for investors. Overall, Palantir's financial data indicates a strong market position and positive investor sentiment.
More about Shopify Inc
Key financial metrics for Shopify Inc. include a market cap of $84.16 billion, 0 dividend yield, and a P/E ratio of -0.9. The company's stock performance has shown a 5.2% increase and a negative EPS (earnings per share) of -0.173. Market sentiment towards Shopify Inc. appears positive, with a current stock price of $67.77 and a forward P/E ratio of 4.858.
More about Microsoft Corporation
Key Financial Metrics:
- Total Revenue: 275,194,288,500
- Net Income Margin: 10.33%
- Operating Margin: 29.35%
- Market Cap: 2,183,100,010,000
- P/E Ratio: 35.84
- EPS: 2.79
Stock Performance:
- Stock Price: $401.31
- Beta: 0.272
- Dividend Yield: 0.128%
Market Sentiment:
- Microsoft is a prominent player in the U.S. information technology industry, ranking among the Big Five companies in the sector.
- It holds a significant position in the Fortune 500 rankings, reflecting its substantial revenue.
- As of 2016, it was the world's largest software maker by revenue, indicating its prominence in the global technology market.
More about Amazon.com Inc
Key financial metrics for Amazon.com, Inc. include a market capitalization of $1,506,697,282,000, a stock price of $3,495.00, a dividend yield of 0.00%, and a price/earnings ratio of 1.91. The company has a total revenue of $554,027,975,000 and an earnings per share of $172.83, indicating strong financial performance. Amazon's stock has experienced a 2.357% increase, reflecting positive investor sentiment.
Overall, Amazon.com, Inc. is a dominant player in the retail-catalog and mail-order industry, with a strong focus on e-commerce and technological innovation. The company's influential economic and cultural impact, combined with its valuable brand, positions it as a key player in the U.S. information technology industry.
More about Tesla Inc
Key financial metrics for Tesla Inc. in 2020 include $754.7 billion in manufacturing revenue, $30.28 billion in gross profit, and a net income of $959.24 billion. The stock performance of Tesla Inc. saw a high of $225.82 and a low of $76.34, with a 0.112% change. Market sentiment towards Tesla Inc. remains relatively positive, with the company capturing 16% of the plug-in market and 23% of the battery-electric market in 2020, and being one of the largest global suppliers of battery energy storage systems.
More about NVIDIA Corporation
Key Financial Metrics:
- Total Revenue: $11,938,745,500
- Stock Price: $116.19
- EPS (Earnings Per Share): $4.16
- P/E Ratio: 13.21
- Market Cap: $326,810,010,000
- Dividend Yield: 0.316%
- ROE (Return on Equity): 8.54%
- Debt-to-Equity Ratio: 1.015
Stock Performance:
NVIDIA Corporation's stock is currently trading at $116.19 with a market cap of over $326 billion.
Market Sentiment:
Given the company's strong financials and a growing market for GPUs and SoCs, market sentiment appears to be positive for NVIDIA Corporation.
More about Netflix Inc
Netflix, Inc. is a dominant player in the over-the-top content platform and production industry, with a market capitalization of 327.43 billion. The company's stock is currently trading at 44.87 and has a 52-week range of 0-73.75. Despite the recent market volatility, Netflix has maintained a strong market sentiment with a beta of 0.203, indicating low systematic risk. Additionally, Netflix's profitability is evident with a net profit margin of 13.8% and a return on equity of 7.8%, showcasing its ability to generate returns for its shareholders. Overall, Netflix's strong financial metrics, solid stock performance, and positive market sentiment position the company as a key player in the services-video tape rental industry.
More about Alphabet Inc Class A
Key Financial Metrics: Alphabet Inc Class A reported a revenue of $168.27 billion, making it the world's fourth-largest technology company by revenue. The stock has a price-to-earnings ratio of 25.6 and a price-to-book ratio of 5.22, indicating the market's valuation of the company's stock.
Stock Performance: Alphabet Inc Class A has a market capitalization of $1.51 trillion and a stock price of $2971.31. The company's stock has shown a positive trend, with a 0.46% increase in price and a 0.11% dividend yield.
Market Sentiment: As one of the world's most valuable companies, Alphabet Inc Class A is a significant player in the technology sector, offering a wide range of services in computer programming, data processing, and more. This dominance in the market contributes to positive market sentiment and investor confidence in the company's future performance.
More about Meta Platforms Inc.
Meta Platforms Inc. is a technology company that develops products to enable people to connect and share through various devices. The company's market cap stands at $845.97 billion, with a stock price of $370.06. The company's price-to-earnings ratio is 29.08, with a dividend yield of 0.232. Over the past year, the stock has had a 52-week low of $229.12 and a high of $384.97. Market sentiment towards Meta Platforms Inc. appears positive, with a strong financial performance and a high market cap.
More about Novavax Inc
Key Financial Metrics: Novavax Inc has a market capitalization of $744.813 billion and reported a revenue of $1.049 billion. The company's earnings per share is -$6.26 and price-to-earnings ratio is 11.7.
Stock Performance: Novavax Inc's stock has experienced a 0.523% decrease. The stock is currently valued at $19.6.
Market Sentiment: The market sentiment for Novavax Inc is negative, with a sentiment score of -0.745. This indicates a bearish outlook for the company based on current market sentiment.
More about Roku Inc
Roku Inc. is a TV streaming platform company based in San Jose, California. With a market cap of $12.55 billion and a stock price of $84.04, the company has seen a 6.19% decrease in stock performance. Despite this, the company has experienced a 23.93% revenue growth and has managed to generate $3.367 billion in sales. Market sentiment towards Roku Inc. remains positive with a sentiment score of 0.198, suggesting that investors are optimistic about the company's future prospects in the rapidly changing TV streaming industry.
More about DoorDash Inc. Class A Common Stock
DoorDash Inc. Class A Common Stock operates a logistics platform that connects merchants, consumers, and merchants in the United States and internationally. The company's financial data includes a market cap of $35,747,220,000, a P/E ratio of -2.73, and a revenue of $8,150,000,000. The stock performance shows a price of $96.92 per share. The market sentiment is positive, with a return on equity of 20.9% and a profit margin of -0.128.
More about Baidu Inc
Baidu Inc. is a technology company providing internet search services primarily in China, with a market capitalization of $38,294,856,000. The stock is currently trading at $176.81 per share, with a 52-week range of $130.81 to $374.30. The company's price-to-earnings ratio is 18.66, and its earnings per share is $5.87. Market sentiment appears positive, with a dividend yield of 0.416 and a beta of 0.149, indicating lower volatility compared to the overall market.
More about Novo Nordisk A/S
Key Financial Metrics: - Market Cap: 449.67 billion - P/E Ratio: 41.99 - EPS: 7.08 - Dividend Yield: 2.4% - 52-week High: 47.73 - 52-week Low: 0.351 - Revenue (ttm): 214.49 billion - Gross Margin: 102.68% - Operating Margin: 0.577 - Profit Margin: 0.289
Stock Performance: - Novo Nordisk A/S stock has a 52-week high of 47.73 and a 52-week low of 0.351
Market Sentiment: - Market sentiment towards Novo Nordisk A/S appears to be positive, as indicated by the company's strong financial metrics and relatively high stock price, suggesting investor confidence in the company's performance and future prospects.
More about Eli Lilly and Company
Eli Lilly and Company is a global pharmaceutical firm with a strong presence in the life sciences and pharmaceutical preparations sector. With a market capitalization of $579.86 billion and a stock price of $111.06, the company has shown steady growth. The stock has a dividend yield of 2.5%, indicating a return to shareholders. The company's P/E ratio of 35.62 suggests that investors have confidence in its future earnings potential. Market sentiment appears positive, as indicated by a beta of 0.857. With a revenue of $32.07 billion and a net income of $6.27 billion, Eli Lilly and Company is showing strong financial performance in the competitive pharmaceutical industry.
More about Alibaba Group Holding Ltd
Alibaba Group Holding Ltd, also known as Alibaba Group and Alibaba.com, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. The company's market sentiment is currently strong with a stock performance showing a price of $345.47 and a 0.094% change. With a total revenue of $210,353,619,000 and a net income margin of 18.4%, Alibaba Group Holding Ltd is a major player in the business services sector with a market capitalization of $897,287,979,000. Additionally, the company's earnings per share stands at $140.02 with a price/earnings ratio of 0.569 and a dividend yield of 0.139%, indicating favorable financial metrics.
More about Crocs Inc
Key financial metrics for Crocs Inc are as follows: the company has a market capitalization of $5.156 billion, with a stock price of $63.99 and a price-to-earnings ratio of 7.85. The company also has a current ratio of 1.71 and a net income of $394.74 million. In terms of stock performance, Crocs has seen a 5.5% increase in its stock price over the past year. Market sentiment for the company appears to be positive, with a 6.2% return on equity.
More about Adobe Systems Incorporated
Key financial metrics for Adobe Inc. include a market cap of $275.15 billion, a stock price of $54.35, and a price-to-earnings ratio of 41.11. The company also has a revenue of $18.89 billion and a profit margin of 26%.
Stock performance for Adobe Inc. has seen a 11.12% increase, indicating positive growth for investors.
Market sentiment towards Adobe Inc. appears positive given the company's strong financial metrics and stock performance. The expansion into digital marketing management software shows potential for future growth.
More about UnitedHealth Group Incorporated
UnitedHealth Group Incorporated is the second-largest healthcare company by revenue, behind CVS Health, with $257.1 billion in 2020. It is also the largest insurance company by net premiums. UnitedHealthcare revenues comprise 80% of the Group's overall revenue. The stock performance has seen a high volume of $499.88 billion and a low of $386.66, with a current price-to-earnings ratio of 23.48 and earnings per share of 7.06. Market sentiment seems positive with a net income of $35.99 billion and a return on equity of 12.4%.
More about Block Inc
Key financial metrics for Square, Inc. include a market capitalization of $31,945,118,000, a P/E ratio of -0.46, and a 52-week high stock price of $71.57. The company operates in the prepackaged software services industry and has a total revenue of $20,793,483,000. In terms of stock performance, Square, Inc. has experienced a 1.36% decrease in stock price over the past year. Market sentiment towards the company is currently at -0.998, indicating a negative outlook among investors.
More about Taiwan Semiconductor Manufacturing
Key Financial Metrics:
- Market Cap: 505.36 billion
- Stock Price: $17.31
- Stock Performance: 2.75% increase
- Revenue: $52.11 billion
- Net Income: $0.414 billion
- Total Assets: $2.161 trillion
- EPS: $114.91
- Profit Margin: -0.249%
- Operating Margin: -0.108%
Market Sentiment:
Taiwan Semiconductor Manufacturing Company is the world's most valuable semiconductor company. Despite a positive stock performance, the company's profit margin and operating margin are negative, which may indicate potential challenges. Overall, the market sentiment may be influenced by the company's dominant position in the semiconductor industry and its significant revenue.
More about Oracle Corporation
Key financial metrics for Oracle Corporation indicate a revenue of $31,804,201,000, with a stock price of $33.95 and a dividend yield of 1.52%. The company's P/E ratio stands at 18.83, with a market cap of $509,620,020,000 and a beta of 0.536. The stock performance has been relatively stable, with a positive market sentiment reflected in the P/E ratio and dividend yield.
More about Lucid Group Inc
Lucid Group Inc is a real estate and construction company that operates under the category of blank checks. With a market capitalization of 9546923000, the company has seen a stock performance of -1.58 with a price-to-earnings ratio of 0.359. Market sentiment for Lucid Group Inc is currently neutral, with a trading volume of 695833000 and a beta of 5.06, indicating high volatility in comparison to the overall market. The company has a price change of 0 and an earnings per share of -0.295. Overall, Lucid Group Inc's financial data suggests a mixed performance and uncertain market sentiment.
More about Moderna Inc
Key financial metrics: Moderna, Inc. reported total revenue of $28.25 billion and a net income of $9.12 billion. The company's stock price is listed at $137.22 per share with a negative change of -9.74% and a negative change in EPS of -0.978 and -0.456 respectively.
Stock performance: Moderna, Inc.'s stock price has experienced a negative change of -9.74%, indicating a decline in value. This may be influenced by various factors such as market conditions, competition, or company performance.
Market sentiment: The market sentiment towards Moderna, Inc. appears to be negative, as reflected in the stock's decline and negative EPS. This could be due to investor concerns about the company's financial performance, industry outlook, or other external factors.
More about GameStop Corp
GameStop Corp. is a retail company in the computer and computer software stores industry, with a market cap of 4.04 billion and a current stock price of 19.09. Despite a negative EPS of -0.32, the company has a relatively high P/E ratio of 13, indicating investor confidence in future earnings. Market sentiment appears to be positive, as evidenced by the stock's recent performance, with a 2.689% increase. However, with a beta of 0.024, the stock is less volatile compared to the overall market.